We expect the earnings news to further the relief rally underway in the shares and therefore continue to recommend modest buying.
More Quotes from Mark Swartzberg:I think we see the power of some of the decisions they've made to be a total liquid-refreshment company,
We remain concerned about the company's long-term outlook and management's preparedness to address the challenges. Still, built-in expectations or valuation appear to be low, and 2006 should benefit from the structural elimination of Brazil and a year of disappointing results in 2005.
I think it's worth noting, but our initial take is that it's more about fine tuning than about a major change in opinion. He's known as a long-term value investor.
The company missed by a lot.
Our upgrade is prompted by an assessment of free cash flow power that concludes the shares are below fair value. We expect the company to consistently meet or beat consensus EPS estimates in 2006.
Readers Who Like This Quotation Also Like:Don't you believe that there is in man a deep so profound as to be hidden even to him in whom it is?
I'm not an actress. I just have to be myself.
He who is in love with himself has at least this advantage - he won't encounter many rivals.
Georg C. Lichtenberg